On Oct. 15, new rules will go into effect that will reduce regulatory barriers, making purchasing a condo in more expensive markets a bit easier. For example, the new rule will allow certain individual condominium units to be eligible for FHA mortgage insurance even if the condominium project is not FHA approved. (The condo unit needs to be in a...
According to a recently released report from Redfin, people who bought a home during the downturn in 2012 have earned a median of $141,000, or 261 percent. The median home equity growth for Colorado Springs was among the highest, with an increase of $149,000 (677 percent). In Denver, the median home equity growth was 555 percent and the median home...
A new study just released by the REMI Partnership (Regional Economic Models, Inc.), of which the Colorado Association of REALTORS® is a member, has found that if Colorado were to offer residents a public health care option, it could negatively impact the state’s economy. HB 19-1004 passed during the last legislative session of the Colorado General Assembly and directed the...
The Denver Economic Development & Opportunity office recently released a draft version of the 2020 housing action plan. The city is asking for feedback from residents as it relates to housing policies and spending priorities. Denver has $30.6 million set aside to address housing next year, including $12.9 million to address homelessness. Denver residents have until Oct. 10, 2019 to...
Regional and Statewide Statistics Contact: Marty Schechter for CAR 303-882-4585 cell marty@schechterpr.com ENGLEWOOD, CO. – Sept. 12, 2019 – Still far from what would be defined as balanced, Colorado’s residential housing data continues to show signs that markets are shifting, according to the latest monthly market data from the Colorado Association of REALTORS®. Despite three-year lows on interest rates...
FORT COLLINS, Colo. – August 26, 2019 – Wildfires are both natural and inevitable – including in wildland-urban interface settings where millions of Coloradans live. These fires can be particularly destructive in areas where forests are unhealthy, unmanaged and unnaturally dense. For those interested in taking action, but who have lacked the means, funding is now available to help...
As Denver continues to see unprecedented growth, developers have struggled to meet increased demands for housing. One way to meet those demands has been to demolish single family homes and replace them with duplexes. Colorado REALTOR® Matthew Leprino told Denver Channel 7 that he's encountering many buyers who are attracted to duplexes, which are selling almost as fast as single-family homes. ...
The Boulder County housing market is slowing down, according to the latest data for the month of July from the Colorado Association of REALTORS®. New listings keep popping up, but sales are hovering at the same numbers as last year and prices haven’t moved much, said Kelly Moye, a Broomfield-based RE/MAX Alliance REALTOR® and former president of the Boulder Area...
July housing sales strongest in years for select local markets while falling interest rates can’t overcome long-term inventory issues Contact: Marty Schechter for CAR marty@schechterpr.com https://coloradorealtors.com/market-trends/regional-and-statewide-statistics/ ENGLEWOOD, CO. – Aug 12, 2019 – With falling interest rates and less expensive mortgages, sales of single-family homes were strong in select local markets, including a record-setting month in Colorado Springs, but fell off overall from June to July in...
Boulderite Judy Pitt has been a Colorado REALTOR® for 40 years Amidst the demands that come with being a REALTOR® over the last 16 years, she has found the time and developed a passion for bringing rainwater harvesting systems and teaching hygiene and sanitary practices to the residents of Kenya. Pitt was a recipient of the NAR Good Neighbor Award Winner in 2011...